The Daily Auto Insider: Volkswagen said it has put off a decision on whether to build a new compact off-road vehicle.

said it has put off a decision on whether to build a new compact off-road vehicle, the Associated Press reported.

The plan isn't dead, the company said but it's been put on hold while the company seeks to cut production costs.

VW, Europe's biggest automaker, reported a 6.7 percent drop in second-quarter profits. The company, whose brands also include Skoda, , , and SEAT, earned 333 million euros ($411.9 million) in the quarter that ended June 30, compared to 357 million euros in the year-earlier period, the story said.